Lehman lost $3.9 billion during the quarter, raising its losses this year to $6.5 billion. It had a profit of $887 million in the year-ago period.
-- The firm logged gross write-downs of $5.3 billion on residential mortgages and $1.7 billion on commercial real estate positions.
-- Residential mortgage exposure was cut by 31 percent to $17.2 billion during the quarter, and commercial real estate dropped 18 percent to $32.6 billion.
-- Shareholders lost 89 percent if they bought the stock one year ago at $67.73 and sold it at Wednesday's closing price of $7.25. The stock, which gave up 45 percent on Tuesday, is trading at a more than 10 year low.
-- Lehman cut its annual dividend to 5 cents per share from 68 cents per share in a move that will save an estimated $450 million a year.